Hahn Capital Management LLC Makes New $4.49 Million Investment in Miami International Holdings, Inc. $MIAX

Hahn Capital Management LLC purchased a new position in Miami International Holdings, Inc. (NYSE:MIAX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 134,065 shares of the company’s stock, valued at approximately $4,491,000. Miami International comprises approximately 2.6% of Hahn Capital Management LLC’s investment portfolio, making the stock its 20th largest position. Hahn Capital Management LLC owned 0.14% of Miami International at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in shares of Miami International by 42.3% in the third quarter. Nisa Investment Advisors LLC now owns 2,641 shares of the company’s stock valued at $88,000 after purchasing an additional 785 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Miami International by 48.9% during the 1st quarter. SG Americas Securities LLC now owns 3,537 shares of the company’s stock worth $138,000 after purchasing an additional 1,162 shares during the last quarter. State of Wyoming increased its holdings in shares of Miami International by 15.5% during the third quarter. State of Wyoming now owns 10,755 shares of the company’s stock worth $360,000 after purchasing an additional 1,442 shares during the period. Fifth Third Bancorp acquired a new position in Miami International in the first quarter valued at about $61,000. Finally, Covestor Ltd boosted its holdings in shares of Miami International by 321.5% in the 3rd quarter. Covestor Ltd now owns 2,508 shares of the company’s stock valued at $84,000 after purchasing an additional 1,913 shares in the last quarter.

Wall Street Analysts Forecast Growth

MIAX has been the subject of several recent research reports. Weiss Ratings cut Miami International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. Morgan Stanley reduced their price objective on shares of Miami International from $50.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, October 9th. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Rosenblatt Securities lowered their price target on Miami International from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Finally, Keefe, Bruyette & Woods raised their price target on Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $49.00.

Miami International Price Performance

NYSE:MIAX opened at $34.98 on Thursday. Miami International Holdings, Inc. has a 1 year low of $29.06 and a 1 year high of $57.14. The business has a 50 day simple moving average of $35.93 and a 200-day simple moving average of $41.20. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 18.11 and a beta of 1.73.

Miami International (NYSE:MIAX) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The firm had revenue of $376.18 million during the quarter. Miami International had a net margin of 19.75% and a return on equity of 19.06%. The business’s revenue was up 243.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. As a group, analysts expect that Miami International Holdings, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at Miami International

In other Miami International news, EVP Douglas M. Schafer, Jr. sold 8,000 shares of the stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $35.06, for a total transaction of $280,480.00. Following the sale, the executive vice president directly owned 387,414 shares of the company’s stock, valued at approximately $13,582,734.84. This represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Barbara J. Comly sold 56,022 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $35.07, for a total transaction of $1,964,691.54. Following the sale, the executive vice president owned 839,564 shares of the company’s stock, valued at $29,443,509.48. The trade was a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 469,574 shares of company stock worth $18,359,891 in the last quarter. Insiders own 15.60% of the company’s stock.

Miami International Company Profile

Miami International Holdings, Inc (NYSE: MIAX) is a financial exchange operator that owns and manages regulated marketplaces for the trading of options and other securities. Through its exchange platforms, the company provides electronic trading, order matching, market data and related services to brokers, market makers, institutional investors and other market participants.

The company operates the MIAX exchange family, which includes MIAX, MIAX Pearl and MIAX Emerald, as well as related equities and options trading venues.